This article is an excerpt from the Shortform book guide to "Traction" by Gino Wickman. Shortform has the world's best summaries and analyses of books you should be reading.
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What is the EOS management system? How can it help you integrate different components of your business, minimize bottlenecks, and streamline its operations?
The EOS management system is a holistic business management model created by entrepreneurial expert and business consultant Gino Wickman. The EOS management system builds or strengthens six key business components the author discovered while turning around his family’s company.
Read about EOS management and how it can help you take your business to the next level.
The EOS Management System
The EOS management model is a blueprint for business success for first-time entrepreneurs and those who’ve hit a ceiling in their business where hard work and determination are no longer enough for the business to survive and grow.
Business owner and consultant Gino Wickman explains how to structure your business using his Entrepreneurial Operating System to remove typical frustrations, so your business runs seamlessly and grows at a faster rate than you thought possible.
The EOS management system is based on practical experience, not theory. Numerous tools and templates lead business owners step by step through processes to create a structure and focus that strengthens and reenergizes their organizations.
Most entrepreneurs experience one or more of the following frustrations:
- Lack of control: You aren’t controlling your business, it’s controlling you. You’re putting in ever-longer hours yet barely keeping up with what’s happening in your company and market.
- People: You’re frustrated with your partners, employees, vendors, and customers. People don’t seem to hear what you say or follow through with action. No one’s on the same page.
- A growth ceiling: Your business has hit a ceiling that you can’t seem to push through.
- You’re stuck: Your business is spinning its wheels. The strategies and advice you’ve applied haven’t given you the traction to get going again.
Part of the problem is you’ve become so wrapped up in your business you’ve forgotten that it’s separate from you. To reach the next level, you need to build it into a self-sustaining entity, powered by an effective system rather than just your determination.
The EOS Components
Most entrepreneurs get caught up in worrying about countless details. However, every organization or system has a number of key components—and when they’re set up correctly, your business functions smoothly without your constant oversight.
The six key elements of any business or organization are:
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Here's what you'll find in our full Traction summary :
- How a first-time entrepreneur can gain the traction needed to grow
- Why hard work and determination aren't enough for your business to succeed
- The 6 key principles of the Entrepreneurial Operating System
